Forensic Mortgage Auditors Examine Mortgage Documents of Loans Originated in 2002-2008
A fair amount of recent foreclosures are on homes where the owner received a mortgage between the years of 2002 and 2008; this is the period of time that most loan violations occur
(EMAILWIRE.COM, September 24, 2009 ) Detroit, MI -- A Forensic Mortgage Audit is a complete analysis of all the documents in your mortgage loan file. The purpose of a forensic mortgage audit is to uncover errors or violation of borrowers’ rights. Often, errors or violations are unintentional; however, still subject to penalization and liability to the lender or servicer involved at the time of origination.
My Mortgage Auditor is a new company in Southfield, formed by a group of real estate professionals with over 30 years experience in the industry. Many of their forensic mortgage examinations are done for clients who received home loans between 2002 and 2008. Many of these mortgages have very high interest rates or are refinanced home loans and adjustable rate mortgages (ARMs). These loans were issued based on the borrower’s current ability to pay; they did not account for the future when the ARM resets and the interest rate spikes. This is one reason loans of this nature are referred to as “bad loans.”
Material violations found in the forensic loan audit will compel a lender to modify a loan even if the borrower cannot show hardship or is otherwise not eligible for loan modification. The scope of an audit by My Mortgage Auditors includes examining a mortgage file for compliance including regulatory requirements related to truth and lending, predatory lending, usury, higher rate, higher risk and subprime, loan to value requirements and debt to income requirements.
My Mortgage Auditor provides relief to distressed homeowners and borrowers who are victims of unfair lending practices in Oakland County, Southfield, Pontiac, Royal Oak, West Bloomfield, Farmington Hills, Wayne County, Detroit, Dearborn, Canton, Livonia, Westland, Macomb County, Sterling Heights, Warren, St. Clair Shores, and neighboring cities and communities. Learn more at http://www.mymortgageauditor.com
Contact
Nichole Jackson
My Mortgage Auditor
25900 W. 11 Mile Road; Ste. 220
Southfield, MI 48034
877-218-0049
info@countyloanmod.com
This press release was submitted by Right Now Marketing Group, LLC
My Mortgage Auditor is a new company in Southfield, formed by a group of real estate professionals with over 30 years experience in the industry. Many of their forensic mortgage examinations are done for clients who received home loans between 2002 and 2008. Many of these mortgages have very high interest rates or are refinanced home loans and adjustable rate mortgages (ARMs). These loans were issued based on the borrower’s current ability to pay; they did not account for the future when the ARM resets and the interest rate spikes. This is one reason loans of this nature are referred to as “bad loans.”
Material violations found in the forensic loan audit will compel a lender to modify a loan even if the borrower cannot show hardship or is otherwise not eligible for loan modification. The scope of an audit by My Mortgage Auditors includes examining a mortgage file for compliance including regulatory requirements related to truth and lending, predatory lending, usury, higher rate, higher risk and subprime, loan to value requirements and debt to income requirements.
My Mortgage Auditor provides relief to distressed homeowners and borrowers who are victims of unfair lending practices in Oakland County, Southfield, Pontiac, Royal Oak, West Bloomfield, Farmington Hills, Wayne County, Detroit, Dearborn, Canton, Livonia, Westland, Macomb County, Sterling Heights, Warren, St. Clair Shores, and neighboring cities and communities. Learn more at http://www.mymortgageauditor.com
Contact
Nichole Jackson
My Mortgage Auditor
25900 W. 11 Mile Road; Ste. 220
Southfield, MI 48034
877-218-0049
info@countyloanmod.com
This press release was submitted by Right Now Marketing Group, LLC
Contact Information:
My Mortgage Auditor
Nichole Jackson
Tel: 877-218-0049
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
My Mortgage Auditor
Nichole Jackson
Tel: 877-218-0049
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |